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The Latest Breaking News from Wells Fargo

Real estate slump hits home as Wells Fargo axes hundreds of mortgage bankers days after taking some on a California retreat

Several Wells Fargo mortgage bankers were at a retreat at Palm Desert just a few weeks ago. Now, many of them have lost their jobs.

Fortune

Serial Bay Area bank robber charged with robbing banks days after he was sentenced in bank robbery case

SAN FRANCISCO — Last November, New Jersey native Christian Plummer was released from jail after being sentenced to two years in federal prison for robbing six banks around the Bay Area.

Tribune News Service

Zillow says the home price correction is winding down—here’s what 28 other forecast models have to say

Fortune once again tracked down the latest home price forecasts from 29 of the nation's leading real estate researchers.

Fortune

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Payday Friday is becoming payday Wednesday, thanks to banks and credit unions

Payday Friday is increasingly coming one or two days early — on Wednesday or sometimes Thursday.

Tribune News Service

Wells Fargo didn't act after an LA executive was raped by her boss, lawsuit alleges

Content warning: This story includes descriptions of sexual assault.

Los Angeles Times

Philly employers are desperately seeking tech workers even as Silicon Valley giants are laying off thousands

Major layoffs at big technology companies have dominated national headlines in recent months, seemingly portending doom and gloom for tech workers. But the reality for most companies, including Philadelphia employers, is a continuing shortage of skilled technologists and a desire to hire more.

The Philadelphia Inquirer

Labor force participation among Black workers has returned to pre-pandemic levels

Unemployment among Black Americans fell to 3.4% in January, while labor force participation hit pre-pandemic levels

Fortune

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Why may Amazon be interested in NFTs?

The online retail giant’s tendrils extend from web hosting to health care. Does an investment in NFTs make sense?

Fortune

National home prices have further to fall, say 24 leading housing market researchers—while 5 firms think prices have bottomed

Fortune tracked down the latest home price forecasts from 29 of the nation's leading housing researchers.

Fortune

Proposed Brazil-Argentina common currency is met with doubts

Market analysts are reacting with deep skepticism to a proposal floated by the leaders of Brazil and Argentina to launch a common currency

The Independent UK

Upcoming & Established Content Including Flagship Shows Making Investments Valuable For Netflix

Streaming giant Netflix Inc went public in 2002 and now today is growing with a stream of content with high viewership.

Zenger

Jumbo loans explained

Jumbo loans are used for purchases that exceed conforming loan limits, but they can be harder to qualify for.

Fortune

Pfizer Stock Dives As Analyst Calls For 'Covid Reset' And Downgrades Shares

Pfizer stock needs a "Covid reset," a Wells Fargo analyst said as he downgraded shares this week. In response, shares slipped Tuesday.

Investors Business Daily

Dow Jones Gains; 3 Warren Buffett Stocks Eye Buy Points; Tesla Falls On This, Apple Stock Pops

The Dow Jones reversed higher. Tesla stock was forced lower. A trio of Warren Buffett stocks are eyeing buy points. Apple stock popped.

Investors Business Daily

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Fortune

Jamie Dimon is waffling on his economic ‘hurricane’ take yet again. His bank is now calling a ‘mild recession’ later this year

Wall Street banks are building cash reserves to cope with a “mild recession.” It’s a more optimistic outlook than some CEOs have previously offered.

Investors Business Daily

Dow Jones Falls 250 Points As JPMorgan Slides On Earnings; Tesla Dives On Price Cuts

The Dow Jones Industrial Average fell 250 points Friday, as JPMorgan sold off on earnings. Tesla stock dived on U.S. and European price cuts.

Investors Business Daily

Dow Jones Futures Fall: JPMorgan Earnings, UnitedHealth Top; Tesla Slashes U.S., European Prices

UnitedHealth earnings topped, with JPMorgan and several banks on tap. Tesla slashed its U.S. and European prices.

Investors Business Daily

Dow Jones Futures Rise Ahead Of CPI Inflation Report; U.S.Airline Flights Grounded

Futures: The S&P 500 is back above its 50-day, but the CPI inflation report looms. An FAA glitch grounded U.S. domestic flights Wednesday morning.

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Investors Business Daily

How Much Will Bank Stocks Move On Earnings? Draw Estimates With Option Prices

Bank stocks are expected to move between 3.80% and 5.90% over this week’s earnings announcements. Here's what the option market is saying.

The Independent UK

Millennial Money: 5 tactics to pay buy now, pay later debt

After the holiday season, those “buy now, pay later” bills will come due

Investors Business Daily

Dow Jones Rises Amid Powell Comments; Boeing Slides On Downgrade

The Dow Jones rose Tuesday amid Fed Chair Jerome Powell's comments. Aerospace giant Boeing slid on a downgrade.

Fortune

Air India owner expresses ‘anguish’ over urination scandal involving Wells Fargo executive

N Chandrasekaran, chairman of Air India parent company Tata Group, has expressed his "personal anguish" over the scandal.

The Independent UK

Air India boss describes ‘personal anguish’ at handling of urinating passenger incident

Statement comes after regulator pulls up airline for ‘systemic failure’ in dealing with incident

Dynamite News

"A matter of personal anguish," says Tata Sons on urination incident onboard Air India flight

Earlier, after facing backlash, Air India had issued show cause notices to four of its cabin crew and one pilot and de-rostered them pending investigations. Read on for details;

Fortune

The Air India passenger who urinated on a woman mid-flight has been fired by Wells Fargo, where he was a vice president

Wells Fargo said it was cooperating with police in India and found the incident “deeply disturbing.”

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